F*** NY State on Bolt EV rebate!

7661 Views 63 Replies 15 Participants Last post by NYRob, Mar 22, 2017

NYRob

Discussion Starter · Mar 9, 2017 (Edited by Moderator)

Okay, so after much waiting , Bolts are finally starting to trickle... and I do mean trickle (like one Bolt at just two dealerships in a county with 1.5million people) in to the area.

Got to drive a Orange Premier yesterday... it was as good as I envisioned.
In my best Trump'ish tweet tone... "fantastic car...want one!"

Here's the rub.....

NY State is only starting their $2000 EV rebate for EV's purchased on or after April 1st 2017.

So even if the dealers get the Bolts on the lot... no one in NY will buy one till April 1st due to procrastination up in Albany since they okay'd the $2000 EV Rebate program in last April (2016).

So we finally get Bolts in NY... physically available to purchase and literally drive home today... but they will sit unsold till April 1st.

FWIW- no discounts either... 100% sticker price!

How's that for a kick in the produce section.....

21 - 40 of 64 Posts

imanjunk1963

· #21 · Mar 9, 2017

El Dobro said:
Patience is a good thing.
The only thing we get in NJ is no sales tax.

Ha in NYS that can be 2k or more itself. Ill take no sales tax as an alternative!

imanjunk1963

· #22 · Mar 9, 2017

HI wish they would put the Bolt platform under another snap on body. I don't want to buy and VIBE electrified this time. Maybe its a gen 2 this time for 2018 if the battery miles increase!

llninja

· #23 · Mar 9, 2017

1612202 said:
Keep us posted. I am shopping for a new Volt since there is 0% this month.

There is an AP story on Green Car Reports 3/6/17 that has some info... http://www.greencarreports.com/news...ctric-car-rebate-program-to-launch-this-month.

Don't let the 0% fool you. If you can haggle for your best deal and get 0%, then great. but when I got the deal of the decade, they wouldn't give me 0% without taking away one of the rebates, which made the deal worse. And I have aaer perfect credit score. It's usually a gimmick to get you in and pay too much for the car.

1612202

· #24 · Mar 10, 2017

llninja said:
Don't let the 0% fool you. If you can haggle for your best deal and get 0%, then great. but when I got the deal of the decade, they wouldn't give me 0% without taking away one of the rebates, which made the deal worse. And I have aaer perfect credit score. It's usually a gimmick to get you in and pay too much for the car.

The discussion about value of the trade, rebate and finance always come after what the price of the car is. Always! At this time there is no reduction of rebate for the 0%. The free money is in fact free.

NYRob

Discussion Starter · #25 · Mar 10, 2017

nealauto said:
NO 100% Sticker With Me

Yeah, I'm not liking that either.... we may have to wait it out a bit for discounts.

NYRob

Discussion Starter · #26 · Mar 10, 2017

nealauto said:
So is it clear that this Instant Rebate from NYS can only be used for Purchase and Not Lease?

It's not clear at this point- but it seems like it's only for purchase.

NYRob

Discussion Starter · #27 · Mar 10, 2017

jbakerjonathan said:
Funny. I googled L2 charging stations in Riverhead and didn't see the one on Griffing Ave/Court St. using this site:

http://solvingev.com/charging-stations/zip/11901-riverhead-ny

I thought that was strange as I recall you could use one next to where you worked. Going to the ChargePoint site reveals the truth.

Have you noticed any degradation in the plug in the 5 years of using the station?

It's still right behind the Supreme Court building on Court St. and Griffing Ave in Riverhead...
I have mentioned it a few times before; this particular Chargepoint station has gone "of the grid" over a year and a half ago. It doesn't show up on Chargepoint's maps, or even when I'm charging there. It still charges properly, but the display shows "DECOMMISSIONED" on it but then says "PORT 1 or PORT 2 AVAILABLE" once you scan your RFID card.

I was told by Chargepoint that it's no longer in (cellular) radio contact w/their network and is authorizing based on internal memory of cards previously used there. I don't know if it would work if a new RFID card was presented vs. one that was stored in internal memory when the station was in contact w/their network.

One thing I have noticed... it takes maybe 30 seconds to authorize my card there now vs. 5-10 seconds back when the station was in contact with the CHargepoint network. I guess it still tries to connect, times out... then authorizes based on internal memory.

See less See more

NYRob

Discussion Starter · #28 · Mar 10, 2017

I got an email reply back from NYSERDA regarding the NY $2000 EV Rebate program:

*****************************************
Thank you for your inquiry.

As mandated by the 2016 NYS budget, NYSERDA is required to implement a rebate program for electric and plug-in hybrid/electric vehicles. NYSERDA is working diligently to meet that deadline and hopes to make an announcement regarding a program soon.

Rebates will be offered at the time of sale for new vehicles and cannot be applied to vehicle purchases made before the launch of the program.

There is no further information available at this time, but please continue to check the NYSERDA website for any updates.
*******************************************

1612202

· #29 · Mar 10, 2017

NYRob said:
I got an email reply back from NYSERDA regarding the NY $2000 EV Rebate program:

*****************************************
Thank you for your inquiry.

As mandated by the 2016 NYS budget, NYSERDA is required to implement a rebate program for electric and plug-in hybrid/electric vehicles. NYSERDA is working diligently to meet that deadline and hopes to make an announcement regarding a program soon.

Rebates will be offered at the time of sale for new vehicles and cannot be applied to vehicle purchases made before the launch of the program.

There is no further information available at this time, but please continue to check the NYSERDA website for any updates.
*******************************************

Cool. Thanks for the info.. We should start a pool as to the start date. Put me down for 4:25pm on Friday March 31, 2017.

NYRob

Discussion Starter · #30 · Mar 10, 2017 (Edited)

1612202 said:
Cool. Thanks for the info.. We should start a pool as to the start date. Put me down for 4:25pm on Friday March 31, 2017.

I'd imagine it would become "official" at 12:01am April 1st 2017 and not before unless it's posted in clear easy to understand non-Albany speak on the official NYSERDA site earlier

I assume it's going to cause much confusion when it comes time to actually fill in the $$ lines on the sales contract

Finance guy "Okay, so the Bolt is $43,905"
Buyer "now deduct the $2000 NY EV Rebate from that"
Finance Guy "no, you get that $2000 back as a tax credit in 2018 like the Fed tax credit"
Buyer "oh boy... here we go again..."

Chris TX

· #31 · Mar 10, 2017 (Edited)

You also need to blame GM's franchised dealership network. Instead of offering you a fair price (like invoice) and then getting the NY rebate knocked off for further savings, they are just going to pocket that profit so you don't see a dime of it, in real money.

Can you go through Costco's car buying program and get one at a few hundred over invoice? A dealership isn't required to participate, though and would probably just tell you "NOPE!"

NYRob

Discussion Starter · #32 · Mar 10, 2017

Chris TX said:
...Can you go through Costco's car buying program and get one at a few hundred over invoice? A dealership isn't required to participate, though and would probably just tell you "NOPE!"

I tried the Costco program, after inputting all the car data and my membership details, etc... the "results" screen said something like:
"We're sorry, there are no dealers in your area that meet the quality standards......bla....bla...bla...."

I did purchase my Plug-In-Prius in 2012 through the Costco program... but so far the Bolt through Costco is a no-go.

Seems the dealers around here just won't budge from MSRP on the Bolt... yet.

Geohec

· #33 · Mar 10, 2017

NYRob said:
I tried the Costco program, after inputting all the car data and my membership details, etc... the "results" screen said something like:
"We're sorry, there are no dealers in your area that meet the quality standards......bla....bla...bla...."

I did purchase my Plug-In-Prius in 2012 through the Costco program... but so far the Bolt through Costco is a no-go.

Seems the dealers around here just won't budge from MSRP on the Bolt... yet.

I know this isn't going to help you feel much better, but in northern california a lot of the dealers ignored the $1000 discounts that southern california dealers were handing out during the first month. Then after a month or after the initial roll out, one dealer broke down and offered $1500 off and others followed suit.

Following the general trend in california, after that initial hold out on discounts, dealers have been offering bigger discounts on Bolts at a rate of about $500-800 every 30 days. Same thing happened with my Volt, after a year of the initial release of the G2 Volt, dealers were advertising up to 8k off MSRP.

I know the markets are different on east and west coasts, but the silver lining might be a larger discount in April when the dealers see that Bolts aren't moving. So having to wait until April may not be an entirely bad thing...but I know it still sucks in the meantime. Good luck.

JoeMap

· #34 · Mar 10, 2017

Geohec said:
I know the markets are different on east and west coasts, but the silver lining might be a larger discount in April when the dealers see that Bolts aren't moving. So having to wait until April may not be an entirely bad thing...but I know it still sucks in the meantime. Good luck.

I hope that's true but I'm leaning more toward they'll keep MSRP through April, basically as if the vehicles weren't there in March since most will hold off until they can claim the rebate. It's likely that only in May will they start to compete on price.

Joe

Geohec

· #35 · Mar 10, 2017

JoeMap said:
I hope that's true but I'm leaning more toward they'll keep MSRP through April, basically as if the vehicles weren't there in March since most will hold off until they can claim the rebate. It's likely that only in May will they start to compete on price.

Joe

Yeah, I see your point. Dealers may stick to their guns through April if they believe there is a pent up demand that will come.

You're probably right about May being the start of discounts, but usually it will only take one large volume dealer to break ranks and then others will follow. Good luck.

NYRob

Discussion Starter · #36 · Mar 10, 2017

Geohec said:
I know this isn't going to help you feel much better, but....

Well, actually it does give me some hope for discounts down the line.

I really have no valid reason to purchase the Bolt immediately other than I want one.... I can wait.
It's not like my 2014 Volt is on it's last legs... it's in top condition and running perfectly. The longer I wait the more $$ I save towards the down payment and the NY $2000 rebate will be online after 4/1/17 too.

The only downside to waiting for the Bolt is the trade-in value of my Volt drops every month, but it's not like they were going to give me much for it anyway ($11-$12K

). I may make more in discounts than loss of value on the trade-in by waiting a few months?

jbakerjonathan

· #37 · Mar 10, 2017

NYRob said:
^ Read that report... thanks.

I'll let you know how NYSERDA replies, although asking for clarity from Albany seems a bit ironic doesn't it?

Not to be a wet blanket, but since the details of the rebate program have not been released, I see potentially four ways in which the rebate could occur:

1. Have the buyer fill out a form and supporting documentation to send to Albany and then a rebate check issued.

2. Have the buyer fill out a form to be attached to his Form IT-201 and have him apply it to taxes owed, with any overage remitted to the him.

3. Have the rebate applied at the time of sale after the application of the sales tax, with the dealer handling the paperwork with Albany and receiving the money.

4. Have the rebate applied before the computation of sales tax, with the dealer handling the paperwork with Albany and receiving the money.

Of all the possibilities, #4 is the least likely to happen.

NYRob

Discussion Starter · #38 · Mar 11, 2017

From the email reply from NYSERDA (details in post#28) it seems pretty clear it's not going to be a tax credit.

So, that leaves the questions of:
- instant rebate or mail in to Albany?
- $2K deducted from sale price of vehicle before or after sales tax computation?

I'd love it to be option #4 above for the most bang for the buck, but wouldn't be surprised if it's #3.
Option #2 would be a PITA because you know how bad Albany is with paperwork!

edk-austin

· #39 · Mar 12, 2017

There's another way the rebate could have been done. Example TX:

2013, discussions of a state rebate program, no action
2014, rumors it may happen, no dealers believe it would pass legislature
2014, May 8, I'm still asking about state rebate programs, no one seems to know anything. Maybe some day. Buy new Volt. Did get a nice dealer discount.
2014, June 13, TX passes a $2500 rebate program! Makes it retro-active 30 days, to May 13, 2014.

Missed it by 5 days

2015, June, TX terminates rebate program, even though the allocated funds had not been depleted. Cites admin costs are too high.

Geohec

· #40 · Mar 12, 2017

NYRob said:
Well, actually it does give me some hope for discounts down the line.

The only downside to waiting for the Bolt is the trade-in value of my Volt drops every month, but it's not like they were going to give me much for it anyway ($11-$12K ). I may make more in discounts than loss of value on the trade-in by waiting a few months?

Unless your are put a crazy amount of miles on your 2014, then I'd say waiting will net you more money in your pocket. Waiting a few months on the west coast, equated to $3000 off. I could easily see some 4th of july sales netting that kind of discount. But i know waiting for new car with cool tech is tough, like a kid waiting for xmas in september. Good luck guys.

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